Examples of Quarterly Payment in a sentence
For each Quarter, each Voluntary Green Deal Supplier confirms that it shall, subject to Clause 13.3.6, be entitled to an amount (a Voluntary Supplier Quarterly Payment) in pound sterling equal to Voluntary Supplier Payment x RVSP, summed over each day in the Quarterly Period.
With regard to any year of operation for the Company which is not a full calendar year, the applicable Quarterly Payment shall be pro-rated accordingly.
A Green Deal Provider or Finance Party (as applicable) shall instruct the funds transfer of Quarterly Payment(s) to the Quarterly Payment Bank Account, within twenty (20) Working Days of receiving a request for payment under Clause 15.1.1.
In the event that the Company no longer does business in the City or in any way loses or has its license revoked by the Commonwealth and/or the Boston Cannabis Board, this agreement shall become null and void; however, the Company will be responsible for the pro-rated portion of the Quarterly Payment due as under section 2 above.